The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

Slow progress on capital markets

Finance Minister Shaukat Aziz is single-handedly staging an economic revolution in Pakistan, selling yet another military government to a sceptical international investor community.

       
Shaukat Aziz

When the army seized power almost two years ago, Pakistan's financial situation was so dire it was unable to access even the short-term to medium-term commercial bank market.


In the past four months or so, according to finance minister Shaukat Aziz, investor sentiment has improved and Pakistan has started to tap these markets. "Banks are looking at Pakistan and offering us facilities, which is a change from two years ago," he says. "Later on in this financial year we hope to go to the market to rebuild our links with investors, although we recognize that a lot more needs to be done. We have to be realistic, but the reform agenda must continue. Reform and change are painful, but if we don't do that we'll be back to the days of the past where there was a lot of ad hocism and expediency as a driver of decisions rather than doing what's good for the economy in the long run."


You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree